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24H Highlights | Market Snapshot

1、Tether and Anchorage Digital have launched USAT, a U.S.-regulated stablecoin, potentially escalating competition in the stablecoin sector.

2、Standard Chartered Research: Accelerating stablecoin adoption could lead to bank deposit outflows in developed economies, with potential losses reaching USD 500 billion by 2028.

3、U.S. Department of Justice:

A Chinese national involved in a USD 37 million crypto fraud money-laundering case was sentenced to 46 months in prison and ordered to pay over USD 26 million in restitution.

4、Prediction markets:

Polymarket prices the probability of a U.S. government shutdown before this Saturday at 79%.

5、U.S. equities:

S&P 500 closed up 0.4%

Nasdaq rose 0.9%

Crypto mining stocks outperformed.

6、#Base ecosystem:

Despite a surge in token launches, activity continues to diverge.

Daily token issuance has at times exceeded 100,000, while active addresses fell to an 18-month low.

7、#Moonbirds released its BIRD/BIRB tokenomics and TGE framework, alongside the launch of Nesting 2.0.

8、#Bitcoin ETF flows:

After five consecutive days of net outflows totaling approximately USD 1.7 billion, flows turned positive with a single-day net inflow of around USD 6.8 million.

9、Safe-haven and liquidity signals:

Gold reportedly reached new highs around USD 5,150–5,160/oz

Arthur Hayes discussed potential liquidity injections driven by pressure on the Japanese yen and JGB market.